In The Table Below, Individual Demand Schedules For Tex, Dex And Rex Are Shown In Addition To [Total] Market Demand….

In the table below, individual demand schedules for Tex, Dex and Rex are shown in addition to [total] market demand. a. Fill in the missing values in this table. Price Tex Qd Dex Qd Rex Qd Total Quantity Demanded $8 4 2 1 7 4 3 9 6 5 4 14 5 5 7 23 4 6 8 8 b. (i) Which buyer demands the most at a price of $7? (ii) Which buyer’s quantity demanded increases the least when the price is lowered from $7 to $6? c. Which direction would the market demand curve shift if Tex withdrew from the market? d. What if Dex doubled his purchases at each possible price? e. Suppose that at a price of $6, the total quantity demanded increases from 14 to 22. Is this a ‘change in the quantity demanded’ or a ‘change in demand’?

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